Plan Ledger DOL Form 5500 · updated monthly

Metrolina Nephrology Associates, P.A.401(k)

METROLINA NEPHROLOGY ASSOCIATES, P.A. 401(K) PLAN · CHARLOTTE, NC · plan year 2024

Reported admin expense ratio · 2024
0.34%

Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works

Metrolina Nephrology Associates, P.A. reported $195,571 in plan administrative expenses for 2024: 0.34% of average plan assets, higher than ~75% of peers. Employer contributions averaged $11,950 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.31% to 0.34%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 326th-largest of 2,005 plans among North Carolina employers on file, and the 1,614th of 11,911 in health care & social assistance. In 2024, the employer put in $1.32 for every $1.00 employees contributed themselves; active participation has grown from 195 to 220 since 2022.

Plan summary
Net assets, end of year$59,970,679
Participants with balances267
Active participants220
Employer contributions$2,628,961
Employee contributions$1,985,138
Employer contribution per active participant$11,950
Average account balance$224,609
Benefits paid to participants$7,597,934
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$60.0M · 267 accts · $2.6M emplr
2023$56.1M · 235 accts · $1.5M emplr
2022$50.3M · 229 accts · $3.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$44,639
Investment management$150,932
Total administrative$195,571
The Metrolina Nephrology Associates, P.A. 401(k) match · 2024
Employer contribution per active participant$11,950
Median for plans this size$3,635
2024$11,950 per active participant
2023$7,487 per active participant
2022$15,910 per active participant

Metrolina Nephrology Associates, P.A.'s 2024 employer contribution ran above the $3,635 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20245
SCHWAB RETIREMENT PLAN SERVICES INC · Recordkeeping$44,639
CAPFINANCIAL PARTNERS LLC · Investment advisory (participants) · Investment management$130,250
BEACON POINTE ADVISORS LLC · Investment advisory (participants)$10,826
HIGHTOWER ADVISORS LLC · Investment advisory (participants)$9,856
CHARLES SCHWAB & CO., INC. · Securities brokerage$1,896

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Charles Schwab
2023Charles Schwab

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$195,571 · 0.34%
2023$173,162 · 0.33%
2022$172,887 · 0.31%
Same employer
Similar plansHealth Care & Social Assistance · North Carolina
Delaney Radiologists, P.A. NC$55.7M · 0.46%

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Source: U.S. Department of Labor, Form 5500 series, EIN 561378901 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.